Western Wealth Management LLC Has $1.21 Million Stake in ASML Holding N.V. $ASML

Western Wealth Management LLC boosted its holdings in ASML Holding N.V. (NASDAQ:ASML) by 53.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 916 shares of the semiconductor company’s stock after purchasing an additional 320 shares during the quarter. Western Wealth Management LLC’s holdings in ASML were worth $1,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Common Asset Management LLC bought a new position in shares of ASML in the 1st quarter valued at approximately $4,355,000. Cambridge Investment Research Advisors Inc. grew its holdings in ASML by 3.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after purchasing an additional 760 shares during the last quarter. Bingham Private Wealth LLC acquired a new stake in shares of ASML in the fourth quarter worth $1,444,000. Keudell Morrison Wealth Management acquired a new stake in shares of ASML in the fourth quarter worth $1,402,000. Finally, Keybank National Association OH grew its stake in ASML by 21.3% in the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock valued at $69,920,000 after buying an additional 11,459 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ASML shares. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Citigroup reiterated a “buy” rating on shares of ASML in a report on Friday, July 17th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Finally, Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Performance

Shares of NASDAQ ASML opened at $1,810.07 on Thursday. The firm has a market capitalization of $711.86 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 0.89 and a beta of 1.79. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The business has a fifty day simple moving average of $1,775.78 and a 200 day simple moving average of $1,561.96. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Sell-side analysts expect that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio is 22.62%.

ASML Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.